{"id":11395,"date":"2023-11-09T00:03:23","date_gmt":"2023-11-09T00:03:23","guid":{"rendered":"https:\/\/infundpros.com\/markets\/commodities\/sp-tsx-composite-index-and-ny-indices-dip-amid-falling-commodity-prices\/"},"modified":"2023-11-09T00:03:24","modified_gmt":"2023-11-09T00:03:24","slug":"sp-tsx-composite-index-and-ny-indices-dip-amid-falling-commodity-prices","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=11395","title":{"rendered":"S&P\/TSX composite index and NY indices dip amid falling commodity prices"},"content":{"rendered":"
\n

On Wednesday, both the S&P\/TSX composite index and major New York indices, including the Dow Jones average, , and , experienced a downturn due to weakening energy and base metal stocks, a consequence of falling commodity prices. The Canadian dollar also declined in value compared to its rate on the previous day, dropping to 72.48 cents US.<\/p>\n

The decline in commodity prices was reflected across several December contracts. prices fell by US$1.63, settling at US$75.74 per barrel. prices saw a decrease of three cents, coming to rest at US$3.11 per mm\/BTU.<\/p>\n

Precious metals were not immune to the downward trend either. Gold prices experienced a reduction of US$14.50, bringing it down to US$1,959.00 an ounce. Similarly, prices dropped by three cents, settling at US$3.65 a pound.<\/p>\n

These adverse market conditions have had a significant impact on key sectors like base metal and energy stocks in Canada’s S&P\/TSX composite index and similarly in New York indices such as the Dow Jones average, S&P 500 index, and Nasdaq composite. This overall decrease in commodity prices demonstrates the interconnected nature of global markets and their susceptibility to market trends and conditions.<\/p>\n

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.<\/em><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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